Michigan biz plans lawsuit as tax hike looms
Liberty Street with the landmark Michigan Theater in downtown Ann Arbor, Michigan, USA in the evening.
LANSING, Mich. -- Prominent figures in Michigan cannabis say to expect a lawsuit if the state imposes a tax hike the struggling industry characterizes as an existential threat. The state senate is expected to vote this week on House Bill 4951, which would impose a 24% wholesale excise tax on REC. It’s the final legislative hurdle to vault the state’s effective pot tax to one of the highest in the nation.
If passed and signed by Governor Gretchen Whitmer(D), the new . . .
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